You are not the only one. LeBron loves OSU and his home state, but he would have been tempted to go to a school with a better shot at winning it all his freshman year. Duke (Mike K.) and Kentucky (Tubby Smith) coaches were not big on one-and-done players in 2002. I know, Coach K is obviously okay with it now, but he wasn't back then. And traditional powerhouse UNC was in a down cycle then with very-good-former player but not-so-good coach Matt Doherty. The Tar Heels went 19-16 and missed the 2003 tourney, and Doherty was done, replaced by Roy Williams. (Could LeBron have saved Doherty? Yeah, but they probably wouldn't have won the tourney.)
I'm thinking Syracuse. Jim Boeheim and Syracuse had another freshman who went high in the 2003 draft, two slots below #1 LeBron: /heh/ Carmelo Anthony. And with Carmelo, Syracuse won it all in 2003. Plus Syracuse is a relatively easy drive from Akron. If LeBron could have foreseen the Orangemen's chances, and felt a mutual fit with Boeheim, that might have been his choice.
And yeah, college football for LeBron, no... too much downside.